My god. I am pro countercyclical policy. But if a 10% deficit is cause by automatic stabilisation and countercyclical policies, you can't turn around and declare the resulting debt odious debt. I mean you are not a member of the tea party after all.

But that's not the part of the debt Jake, or anyone here, is considering odious (it could be, in Greece part of it certainly is)! He is saying that the Irish government had no business socializing the extra 20% GDP of private debts of Irish bankers. He is also, I think, rather warm to the idea that said bankers should go to jail (I wouldn't put it past him to even be for the abolition of private banks), and that public money is for the public good, which I think automatically disqualifies him from Tea Party membership